Article Preview

Continued good buying of the pound for the end of the year yesterday pushed the rate to another new high on the movement, at $4.85 1/8, for checks, unmatched since the last week in September. The inquiry is coming from many quarters and represents the flow of capital to London to meet year-end maturities and to profit by the higher interest prevailing abroad.

December 29, 1926

Thank you for visiting The New York Times archive.

New York Times subscribers* enjoy full access to TimesMachine—view 129 years of New York Times journalism, as it originally appeared. 99¢ for your first 4 weeks.

Or, purchase this article individually for $3.95 and download a high-resolution PDF.